Osteoporosis (OP) and osteoarthritis (OA) are age-related diseases often considered to be mutually exclusive. We previously found that 25% of women with advanced OA had occult OP, and that femoral neck (FN) bone mineral density (BMD) T-scores were significantly higher for osteoarthritic vs. contralateral hips. The FRAX® calculator incorporates clinical risk factors and FN BMD T-score to estimate 10-year total fracture probability and hip fracture probability. In 35 women and men ≥41 years with unilateral hip OA scheduled for hip replacement, we tested whether FRAX® fracture probability is underestimated when using data for the OA rather than the contralateral hip. There were between-hip differences for FN BMD T-score (p < 0.0001), total fracture probability (p = 0.0004), and hip fracture probability (p = 0.0009). Use of FN BMD T-scores resulted in OP treatment recommendations for 0% and 11% of subjects compared with 11% and 17% for total fracture probability and hip fracture probability, respectively. In 6-11% of subjects in this series, the FRAX® calculator underestimated fracture probability with data for the OA hip. With the increased use of FRAX® in clinical use, these data suggest that measurement of BMD at the contralateral hip may yield higher calculated FRAX® total and hip fracture probabilities.